Placed a bracket buy order at 1425.5 and a bracket sell order at 1415. The next levels are 1433.80 and 1406.95 which become target and stop loss , reversed, for each order.
I got interested in Gann levels after Prakaash's thread on Crude with Gann square. However, on the practical side, the triggering of orders is a concern. Because sometimes price can just enter a level, trigger the order entry and then bounce back. We will need to wait for the 5 min bar to close inside that level. He was just backtesting. When it comes to actual trade, its a different story..
LONG/
SHORT BUY SELL P/L
SHORT 1416.80 1415.60 -1.20
LONG 1416.75 1406.05 -10.70
LONG 1407.20 1402.75 -4.45
SHORT 1401.00 1400.65 -0.35
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-16.70
Expenses -8.00
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-24.70
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